Topic: CIREBA
CIREBA launches monetary grant programme for first-time Caymanian home buyers
The Cayman Islands Real Estate Brokers Association (CIREBA) is now accepting applications for its First Time Caymanian Home Buyers Initiative.
CIREBA partners government for first-time Caymanian homebuyer scheme
The premier met with the Cayman Islands Real Estate Brokers Association to discuss a $5,000 grant for Caymanians buying their first home on the islands.
Q2 real estate sales still up despite properties taking longer to sell
Cayman homes are taking longer to sell because of worry over the future at home and overseas, a real estate expert has said.
Prominent realtor sounds alert on rental scams
A prominent local real estate agent has warned people to beware when on the hunt for rental properties — and to make sure they only deal with reputable professionals to avoid being caught out by a scam.
Real estate leader JC Calhoun passes away
Coldwell Banker Cayman Islands Realty owner and co-founder of the Cayman Islands Real Estate Brokers Association JC Calhoun passed away on Sunday.
Cayman realtors defend high commissions as pressure builds
Cayman home owners can avoid punitive commission rates by “selling their property themselves” one of the islands' top realtors claims as pressure builds on brokers to compete on pricing.
Fewer sales, rising rents, but positive signs for property market revival
Rent has increased and property sales have declined but Cayman's property market has largely weathered the storm of rising interest rates, according to a market report for 2023.
New realtor association promises fair competition amid price-fixing scrutiny
Seeking to inject competition on commissions into Cayman’s real estate market amid price fixing concerns, a group of independent realtors are forming a new industry association.
Special report: Spotlight on real estate ‘price fixing’ concerns
In a recent US court decision, real estate associations were found to be conspiring to fix commission rates, limiting consumer choice in a competitive market. This ruling may significantly impact the way homes are bought and sold in the United States and could also have consequences for the real estate market in the Cayman Islands, where similar rules are in place.
Real estate market reaches almost US$1 billion in sales in 2022
Despite seven interest rate hikes by the US Federal Reserve, 2022 was the second most active year for property sales in the Cayman Islands as the average value per transaction reached a new peak.
Cayman Islands real estate market ‘normalising’
The Cayman Islands real estate market is cooling down, but not by much.
Corcoran welcomes latest affiliate in Cayman Islands
Corcoran Group, LLC today announced its continued expansion by welcoming its latest Caribbean affiliate with the launch of Corcoran Cayman Islands, owned and led by Paul Young.
Women thriving in Cayman’s real estate market
Real estate can be a demanding business, but for Debi Bergstrom, it’s allowed her to forge her own path.
CIREBA launches donation programme
The Cayman Islands Real Estate Brokers Association recently announced the launch of its 'Home is Where the Heart is' donation programme, providing funding for...
Property perspective – Statistical review: Property prices are up, inventory is down
Regular readers of my monthly updates will know that we like to periodically take an overview of the statistics produced by CIREBA, the Cayman Islands Real Estate Brokers Association, the entity charged with overseeing Cayman’s real estate industry. These statistics, especially when viewed within a historical context, always make for interesting reading and point to current market trends.
CIREBA reelects first female president
The Cayman Islands Real Estate Brokers Association has reelected Jeanette Totten as its president. This will be Ms. Totten’s third term as president of the association.
South Sound, Seven Mile Beach property ‘on fire,’ inland still lags
The consensus appears unanimous: Real estate brokers say things are great, and anyone checking out the market must agree that they are.
Dramatic spike in foreclosures
The number of people losing their homes to foreclosures in the Cayman Islands has almost quadrupled in the last five years.
